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Peter Obi queries utilisation of $3.23bn Power Sector Fund due to National grid collapses

Instead of making significant progress, our recurrent occurrences of grid collapse have continued to characterize our power sector.

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” One then wonders where all the funds borrowed for the power sector have gone into.”

That’s Peter Obi, reacting to the incessant national grid collapses.

Obi, on his  X page tonight,  said: ” I have just read the reports of the collapse of our national grid, just 11 days into the new year. Most of last year, we faced recurrent national grid collapses.

That occurred about 12 times in the year. The untold setback and hardship it brought on households and businesses was immeasurable.

Further reports showed that Nigeria has borrowed over $3.23 billion in the last four years to fix its electricity problems, and yet the country cannot  produce more than about 4,500 megawatts of power for the people.

Instead of making significant progress, our recurrent occurrences of grid collapse have continued to characterize our power sector.

The lack of sincere commitment by us, the leaders, to the true development of the nation, followed by the widespread corruption eating through every sector of our national existence, has continued to drive retrogression and backwardness in our nation.

This is a new year, and again, I will appeal to the government to make it a fresh start by building on the lessons of yesteryear to now improve every aspect of the nation, including the power sector, without which households and small businesses will continue to struggle under immeasurable economic burdens.”

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President Tinubu earning N1.5m monthly, Ministers N1m – RMAF

You cannot pay a minister less than N1m per month since 2008 and expect him to put in his best without necessarily being involved in some other things.

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The Revenue Mobilisation Allocation and Fiscal Commission has hinted at plans to review the salaries of political office holders in Nigeria, describing current earnings as inadequate, unrealistic, and outdated in the face of rising responsibilities and economic challenges.

At a press briefing in Abuja on Monday, RMAFC Chairman, Mohammed Shehu, disclosed that President Bola Tinubu presently earns N1.5m monthly, while ministers receive less than N1m — figures that have remained unchanged since 2008.

“You are paying the President of the Federal Republic of Nigeria N1.5m a month, with a population of over 200 million people. Everybody believes that it is a joke,” Shehu said.

He added, “You cannot pay a minister less than N1m per month since 2008 and expect him to put in his best without necessarily being involved in some other things. You pay either a CBN governor or the DG ten times more than you pay the President.

That is just not right. Or you pay him [the head of an agency] twenty times higher than the Attorney-General of the Federation. That is absolutely not right.”

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Tinubu commissions 40,000 CBM gas vessel in South Korea, names it after late mother

At the ceremony, Tinubu, represented by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, commended NNPC Ltd. and Sahara Group for their role in deepening Africa’s participation in the global clean energy value chain.

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President Bola Ahmed Tinubu has immortalised his late mother, Alhaja Abibatu Mogaji, with the commissioning of a 40,000 cubic metre Liquefied Petroleum Gas (LPG) carrier named MT Iyaloja (Lagos) in Ulsan, South Korea.

This was disclosed in a statement issued by Nigerian National Petroleum Company (NNPC) management on Monday.

The vessel, owned by WAGL Energy Limited, a joint venture between NNPC Limited and Sahara Group, is a dual-fuel, fully refrigerated LPG carrier.

Its addition brings WAGL’s fleet capacity to 162,000 CBM, including MT Africa Gas, MT Sahara Gas, MT BaruMK and MT Sapet.

At the ceremony, Tinubu, represented by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, commended NNPC Ltd. and Sahara Group for their role in deepening Africa’s participation in the global clean energy value chain.

In his remarks, Group Chief Executive Officer (GCEO) of NNPC Ltd., Bashir Ojulari, described WAGL’s LPG Vessel as a great addition to gas development efforts in Nigeria.

The GCEO, who was represented by the Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye, added that the vessel will be crucial in realising the impact of gas in Nigeria’s economic development.

(The Sun)

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Kogi state governor’s dad dies at 83

His Janazah (funeral) will be conducted and he will be laid to rest in accordance with Islamic rites.

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•Alhaji Ahmed Momohsani Ododo

The father of Kogi State Government, Alhaji Ahmed Momohsani Ododo, is dead, aged 83.

A statement by Kingsley Femi Fanwo, Commissioner for Information and Communications, last night, reads:

“The Kogi State Government regrets to announce the passing of the father of the Executive Governor of Kogi State, Late Alhaji Ahmed Momohsani Ododo, who returned to his Creator a few hours ago at the age of 83.

“His Janazah (funeral) will be conducted and he will be laid to rest in accordance with Islamic rites.

“We pray to Allah (SWT) to forgive his shortcomings, accept his good deeds, and grant him Al-Jannah Firdaus.

We also pray that Almighty Allah grants the Governor, his family, and the entire Ododo family the strength to bear this great loss with fortitude.”

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